September 3 Closing Market: Sharp Decline Prevented but Money Isn't Coming In — Surviving a Supply-Demand-Less Market with Sector Rotation Strategies
[September 3rd Closing Market Conditions] Sharp decline prevented, but money isn't coming in... How to survive a market without supply and demand with sector rotation strategies | Hong Seonae, Lee Gwonhui, Kim Jangyeol [Closing Bell Live]
Watch on YouTube ↗
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September 03, 2026 at 08:30
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1:14:10
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3PRO TV (삼프로TV)
Ideas
Korean financials lead on sticky high rates.
He says Korean financials are the most notable sector because interest rates remain high and are likely to stay at a new elevated level. Even when the market reversed higher after the midday drop, financials bounced hardest, showing real sector leadership. With few large non-AI sectors in Korea, institutional money rotates into financials, and the consensus is to barbell financials with AI/semiconductors.
Korean memory is lower priority for foreigners.
He argues foreign investors are not abandoning memory globally but are prioritizing US memory and semiconductor names over Korean names. Samsung Electronics and SK hynix look cheap at roughly 3.5-3.8x, but remain underweight because of supply and positioning, not AI/memory fundamentals. Until buybacks finish around October and third-quarter earnings give momentum, Korean memory is a lower priority and should be approached cautiously.
Nuclear-value-chain rally likely; Doosan top.
A positive broker report on the Korean nuclear power value chain named Doosan Enerbility as top pick, followed by Hyundai Construction and BH. Lee says project expectations support the group and he personally sees potential for nuclear-related names to rally further.
Keep AI/memory exposure; Micron is catalyst.
Kim argues portfolios still need AI and memory semiconductor exposure because AI cannot continue without memory, and completely exiting would risk missing upside. However, short-term momentum has been exhausted after Nvidia and Broadcom; the next clear catalyst is Micron's earnings on October 1, so this is a hold/watch exposure rather than an aggressive chase.
Keep AI/memory exposure; Micron is catalyst.
Kim argues portfolios still need AI and memory semiconductor exposure because AI cannot continue without memory, and completely exiting would risk missing upside. However, short-term momentum has been exhausted after Nvidia and Broadcom; the next clear catalyst is Micron's earnings on October 1, so this is a hold/watch exposure rather than an aggressive chase.
Sell secondary battery stocks into strength.
Lee says secondary battery stocks should not be held as a continuing position; they are a fast-moving rotation trade. He would sell into rallies because the group moves quickly and he does not recommend chasing it here.
Sell Korean cosmetics into strength.
Kim says the APR scare appears overblown: the flagged lot was not from official distribution, Singapore's official tests found no banned substance, and there is no administrative action or earnings impact. He advises investors not to panic-sell other cosmetics names on unconfirmed fears; only if it becomes a broad category problem should they sell.
Banks preferred; KB Financial breaking range.
Within Korean financials, Lee says banks are the top preference, followed by non-life insurers and life insurers, with securities last. KB Financial has broken above a long box range on rising bottom support; its PBR is near 1.03x and could expand toward 1.2x, so banks are the easiest way to get financial-sector exposure.
Meritz breaks range; buy dips.
Meritz Financial Group has a strong shareholder-return and dividend policy, and its weekly chart has broken out of a long box range. Lee says a pullback toward the prior breakout area around 125,000 won can be used as a reference level for adding or watching the stock.
Avoid Korean securities; Mirae regulatory overhang.
Lee says Korean securities stocks are unattractive near-term because Mirae Asset Securities is under political and regulatory attack over single-stock ETF issues and market trading volumes are weak. Even Samsung Securities is not free from the sector overhang, and securities rank last within financials.
Alteogen short squeeze and Q3 beat likely.
Alteogen has fallen despite two positive licensing deals because heavy short selling and delayed KOSDAQ policy have pressured sentiment, not company fundamentals. Lee sees short-covering potential, expects third-quarter earnings to beat guidance on strong Keytruda SC penetration and milestone inflows, notes analyst targets far above the current price, and says he would buy more if he had cash.
This 3PRO TV (삼프로TV) video, published September 03, 2026,
features Kim Jang-yeol, Lee Kwon-hee
discussing KBE, 005930.KS, 000660.KS, 034020.KS, Hyundai Engineering & Construction, 090460.KS, SMH, MU, Korean secondary battery sector, KORU, APR, 105560.KS, 138040.KS, 006800.KS, Korean Securities Sector, 196170.KQ.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Kim Jang-yeol,
Lee Kwon-hee
· Tickers:
KBE,
005930.KS,
000660.KS,
034020.KS,
Hyundai Engineering & Construction,
090460.KS,
SMH,
MU,
Korean secondary battery sector,
KORU,
APR,
105560.KS,
138040.KS,
006800.KS,
Korean Securities Sector,
196170.KQ
